Zoom aims to stay relevant with €12bn acquisition

Zoom CEO Eric Yuan called Five9 a 'natural fit'

Zoom has been looking for ways to keep growing as workers begin to return to the office and students go back to school.

Zoom Video Communications, whose online conferencing services took off during the Covid-19 pandemic, has agreed to acquire US tech firm Five9 for $14.7bn (€12.4bn), using its surging stock to expand into an adjacent market that could bolster revenue as lockdowns end.

The value of the all-stock offer is $200.18 a share based on the closing price for Zoom’s common stock last Friday, compared with Five9’s $177.60 price on Friday, the companies said.